CAIRO: The money 27-year-old Sherif made while working in the Gulf went mainly to supporting his retired parents back in Egypt. That is, until he lost his job in December 2008.
When he got laid off, Sherif stopped remitting cash home - part of an (...)
CAIRO: Cilantro coffee shops have become a fixture of the Egyptian market since the chain first opened in 2000. With dozens of outlets, it is one of the leading coffeehouse chains in Egypt - but its parent company, Delicious Inc., is not satisfied (...)
Gamal Moharam has been a player in the Egyptian commercial banking sector for much of his career. With his departure late last year from Piraeus Bank Egypt, where he served as chairman and CEO, he is moving in a new direction but maintaining strong (...)
CAIRO: While record inflation rates that characterized 2008 have cooled significantly in recent months, local food prices have not followed the same trend.
After peaking at 23.7 percent in August, annual urban inflation has been on a steady (...)
CAIRO: A fire broke out on Ramses Street near al-Is'af Square late Saturday afternoon, spewing plumes of acrid black smoke into the streets of downtown Cairo.
Witnesses and emergency workers said the fire began between 3 pm and 4:30 pm due to an (...)
CAIRO: The last few years have seen net foreign direct investment (FDI) in Egypt soar in an atmosphere of economic reform and growth, but the picture these days is not as rosy, with 2008 leading to wariness among some foreign investors.
FDI (...)
